Outbrain Adds Technology Executive Nithya B. Das to Board of Directors

Rhea-AI Summary

Outbrain Inc. (NASDAQ: OB) has appointed Nithya B. Das to its Board of Directors, bringing extensive experience from her roles at Olo and AppNexus. Das, who has served as COO and Chief Legal Officer at Olo, will step down from her position at the company effective March 31, 2023. Her background includes leading AppNexus during its acquisition by AT&T for around $2 billion. Outbrain's leadership highlighted her expertise in operational excellence and governance as vital for enhancing the company’s growth strategy in the digital advertising ecosystem.

Positive

• Nithya B. Das brings strong operational and governance experience to the board.
• Her expertise in digital advertising and talent management is expected to enhance Outbrain's strategic capabilities.
• Das's prior success in leading AppNexus's acquisition can benefit Outbrain's corporate development.

Negative

• Das will be stepping down from her COO role at Olo, raising potential continuity concerns.

Brings strong experience across ad tech, software and operations

NEW YORK, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ: OB), a leading recommendation platform for the open web, today announced the addition of Nithya B. Das to its Board of Directors.

Over the last three years, Das has served as Chief Operating Officer and Chief Legal Officer at Olo (NYSE: OLO), a leading open SaaS platform for restaurants. Das joined Olo in 2019 as General Counsel, became Chief Legal Officer in November 2020, and moved into the Chief Operating Officer role in January 2022 to oversee the company’s primary corporate operations including legal, people and culture, strategy and operations, corporate development, and partner ecosystem teams. Das will be stepping down from her position at Olo effective March 31, 2023. Prior to her role at Olo, Das held the position of Chief Legal and People Officer at AppNexus where she led the company’s acquisition by AT&T for approximately $2 billion as well as the integration. Earlier in her career, Das served as an attorney in the New York office of Goodwin Procter LLP where she represented public and private growth technology companies.

“Outbrain’s history matched with the team’s passion for continuing to evolve alongside the digital advertising ecosystem is an exciting proposition,” said Das. “I’m excited to bring my experience to the table to help Outbrain continue to innovate for publishers and advertisers with a greater focus on operational discipline as a public company.”

“As we continue to build upon our technology to drive greater value for publishers and advertisers, we’re looking forward to leveraging Nithya’s industry expertise after years at AppNexus and operational experience in a public company environment,” said Yaron Galai, Co-Founder, Co-CEO & Chairman.

“Nithya’s breadth of experience in implementing best practices across a range of departments matched with her unique approach to talent management and deep governance background makes her a valuable addition to our board as we continue to focus on operational excellence across our global organization,” said David Kostman, Co-CEO, Outbrain.

Cautionary Statement on Forward Looking Language

This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “guidance,” “outlook,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions. We have based these forward-looking statements largely on our current expectations and projections regarding future events and trends that we believe may affect our business, financial condition and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors, including but not limited to: the risks described in the section entitled “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed for the year ended December 31, 2021 and in subsequent reports filed with the SEC. Accordingly, you should not rely upon forward-looking statements as predictions of future events. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Outbrain

Outbrain (Nasdaq: OB) is a leading recommendation platform for the open web. Our technology enables 10 billion daily recommendations to consumers across more than 7,000 online properties and connects advertisers to these audiences to grow their business. Founded in 2006, Outbrain is headquartered in New York with offices in 17 cities worldwide.

Media Contact
press@outbrain.com

Investor Relations Contact
IR@outbrain.com
(332) 205-8999

FAQ

Who is Nithya B. Das and what is her role at Outbrain?

Nithya B. Das has been appointed to the Board of Directors at Outbrain, bringing extensive operational and legal experience from her previous roles.

What experience does Nithya B. Das have prior to joining Outbrain?

Das served as COO and Chief Legal Officer at Olo, and previously led AppNexus during its $2 billion acquisition by AT&T.

When does Nithya B. Das step down from her position at Olo?

Nithya B. Das will step down from her COO position at Olo effective March 31, 2023.

What impact could Nithya B. Das's appointment have on Outbrain?

Her appointment is expected to enhance Outbrain's operational discipline and strategic growth in the digital advertising space.

What is Outbrain's focus as a company?

Outbrain is a leading recommendation platform, connecting advertisers with audiences across numerous online properties, generating 10 billion daily recommendations.